New Delhi: There is a good news for those who trade in the stock market. You will soon be able to buy and sell shares directly from the stock exchange instead of brokers. According to a CNBC report, SEBI is preparing to introduce a direct market access system for retail investors. In the present situation no retail investment can buy and sell shares directly from the exchange. Transactions are done through brokers instead of exchanges.
According to the new system, retail investments will be able to buy shares directly from the stock exchange, as well as sell. That means the role of brokers will end in the middle. Currently, the direct market access system was introduced by SEBI for institutional investors. Now it is proposed to be started for retail investors also. It is being churned seriously and it is believed that a formal announcement can be made very soon.
SEBI has discussed this with the Ministry of Finance. The biggest benefit through this system will be that when the retail investors directly buy and sell the shares from the stock exchange, there will be no possibility of fraud in the matter of the shares. The issue of share embezzlement will also end and it will be cheaper to buy and sell shares. That is, they will be able to deal with it even at the better price of the share. SEBI is going to take these steps to increase the share of retail investors and to protect their interests.
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